Givat Shmuel, Israel – May 6, 2010 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced that CimatronE has been selected as the designated multi-axis machining software by the China National Vocational Students Skills Competition 2010.
The National Vocational Student Skills Competition (NVSC) is an annual event organized by China’s Ministry of Education that takes place in Tianjin in June. Founded in 2008, the competition is nationwide, with over 3,000 competitors from 23 provinces.
Cimatron has been involved in NVSC and the National CNC Competition, which preceded it, since their inception. This year, CimatronE was selected for the section of the competition entitled, “complex parts modeling, multi-axis programming and machining”. Contestants will be assessed based on their skills in all areas of machining, with emphasis on 5-Axis Programming.
Cimatron has continued its support of the annual competition by collaborating with Wuhan Huazhong Numerical Control Co. (HCNC), a machine tool builder and major sponsor of NVSC, which runs several CNC training centers in China. The collaboration includes three CNC training classes, in March, April and May of 2010.
“We are proud that CimatronE was chosen as the multi-axis machining software for this nationwide competition; working with CimatronE will allow the students to acquire valuable experience which will help them kick-start their careers,” said Lang Yan, Cimatron’s General Manager in China. “We wish all of the students the best of luck!”
With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Cimatron's shares are publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the Company's web site at: http://www.cimatron.com
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the Company’s plans, objectives and expected financial and operating results. The words "may," "could," "would," “will,” "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycles, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties related to the Company's business, refer to the Company’s filings with the Securities and Exchange Commission. The Company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121